Benefits Of Buying A Condominium
Condominium ownership is now an increasingly popular choice for buyers looking to reside in urban neighborhoods, first-time home owners or young couples seeking to downsize their lives, and empty nest couples. A condo is an excellent option to move from renting to owning your own property. It could also be a permanent option for those who don't want to maintain their property.
Condominiums are offered in various sizes and layouts. They can range from budget condos that have 1 or 2 bedrooms, to luxurious penthouse suites located in residential towers with high-rises or cozy condos with just one bedroom. For some home buyers, living in a condominium is the best blend of property ownership, mixing the advantages of owning and the equity you have in your home with the convenience and sense of belonging that comes from leasing an apartment.
Affordability
A condo could be the ideal entry point to the market for first-time home buyers, especially for those with a limited budget. Condos with lower prices are cheaper than rental rates. This makes them an ideal option for young couples and individuals who want to buy a home but aren't quite ready to commit to a family home.
Condominiums can be found in a range of floor plans that generally have a much smaller footprint than houses that can lower the price tag substantially. How many 600 square feet of houses have you seen advertised on the market compared to 600 square foot condominiums? Condos are less expensive than the most expensive house because they're smaller.
Localization
There are people who don't want to live in quiet suburbs. Grand Dunman developer prefer to live in large communities located that are located in the middle of cities. The urban dwellers will be more inclined to choose condos than houses due to their location.
Downtown condominiumin Singapore owners can stroll or take public transportation to the many things they enjoy about living in cities, such as bars and restaurants shopping, as well as grocery stores. The shorter commute is a major benefit for many living in condo-heavy areas. Many of the downtown condo dwellers do not own cars since they live in the heart of the city where the public transport options are abundant and everything -- even work, is within walking distance.
Due to the possibility of smaller homes close to all they need Eco-friendly homeowners typically prefer apartments in urban areas over homes further afield.
Low Maintenance
The maintenance-free aspect of condo living is among its greatest advantages for many people. Condo fees cover maintenance and upkeep expenses. You own the property inside your own walls, and the land is shared with you. Someone else will handle the lawn work and snow shovelling, leaving owners free to spend their time doing other things.
Because there's a lot of shared space in condominiums, owners contribute to a joint fund to pay for repairs and maintenance for these areas. The cost of condos will differ from one condo to the one following, but they'll cover all exterior features that include the roof as well as common heating and plumbing systems, foyers, hallways, and yard maintenance.
The land and property upon which the home is constructed on are owned by the owner who also is the one who owns the house. Condos offer the benefits of owning a home, but without the hassle of maintaining them.
Community and Security
Because the majority of the condominiums are shared condominiums provide a unique communal atmosphere. You may find many activities for your family in your condominium, based on the type of building you choose.
Some buildings are geared towards certain age groups or types of individuals. Many empty nesters prefer to live in an older 40+, 50+ or 50+ apartment since they are familiar with the people who live there and don't need to worry as much about noise and unpredictable living arrangements in condos in Singapore which accept younger people. Professionals and executives might prefer living in a fashionable urban space that is child-free, while people with allergies to animals might prefer a pet-free building.
Condos are naturally a great way to add an extra protection for home owners: because so many people live in the building, there are always plenty of additional eyes to an eye on things. This community-based approach makes a large number of condo owners feel more safe and secure, both when they're home as well as when they're away. Certain condos have additional security features such as security guards and doormen. Residents need to ring the doorways to let them open.
Amenities
Many condos offer in-building amenities that single-family houses can't match like gyms, pools, tennis courts, meeting rooms and audio-visual rec rooms. A lot of condos have rooms that are accessible for special events or parties.
Some high-end condominiums are also hybrids between hotels and condos. They offer concierge and housekeeping services, as well as top-notch amenities.
Condo living is appealing to many due to these advantages. When looking for condos in Singapore, be certain to inquire about what the facilities shared by the condo are like, if they are any special amenities, and what the rules governing the use of these facilities could be.
Grand Dunman
Dunman Road, Singapore